OMAHA, Neb.--(BUSINESS WIRE)--Majors Plastics, Inc. (Majors) is pleased to announce the successful expansion of its Employee Stock Ownership Plan (ESOP). While the company has been partially ESOP owned for several years, this expansion has resulted in Majors becoming a 100% ESOP owned company to its 500 employees, and provides the opportunity for additional employees to participate in the plan.
Majors is a leading global custom injection molder and contract manufacturer serving medical, health and safety, electronics, and other end markets. Founded in 1953, Majors has established a strong brand name as a trusted supplier of plastic parts, components, and assemblies. The company operates from a large, multi-facility campus in Omaha, with over 226,000 square feet of state of the art manufacturing space. Major’s strong engineering and technical capabilities, enables the company to be a world class manufacturer serving customers throughout the world.
“Over the past 60 years our business has successfully grown due to our core values of innovation, quality, and customer service. We can only deliver on these core values because of our dedicated employees. With this in mind, we are very excited to announce the ESOP expansion and look forward to providing the opportunity for more of our employees to participate in the ESOP,” said Tim McConnell, Chairman and CEO of Majors Plastics.
In 2009, Majors Plastics was awarded the “Most Innovative Manufacturing Company” in Nebraska by the Nebraska State Chamber of Commerce.
More information on Majors Plastics can be found at their website, www.majorsplastics.com. P&M Corporate Finance (PMCF) served as financial advisor to Majors on this transaction.